SAIC US$510m term loan B3 refinancing
Refinanced the existing term loan B and B2
Key terms
- Borrower or issuer
- Science Applications International
- Date
- 8 Feb 2024
- Type
- Bank facility
- Amount
- US$510.2m
- Pricing
- Term SOFR + 1.875% (cut to 1.75% in October 2024)
- Maturity
- 2031-02-08
Recorded terms
- Structure
- US$510.25m senior secured term loan B3 maturing February 2031
- Lenders and arrangers
- Citibank, N.A. (administrative agent and collateral agent) and a syndicate of lenders
- Country
- United States
Parties
- Science Applications International borrower or issuer
- Lenders: Citigroup
Similar financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 20 Feb 2024 | RENK €1,050m bank financing refinancing the 2025 notes | Bank facility | €1.05bn |
| 19 Jan 2024 | KBR US$1.0bn term loan B (2024) | Bank facility | US$1bn |
| 3 Apr 2024 | Oshkosh US$450m revolver upsize to US$1.55bn | Bank facility | US$450m |
| 24 Oct 2023 | RTX US$10bn bridge loan facilities for the accelerated share repurchase | Bank facility | US$10bn |
| 30 May 2024 | V2X US$907m first lien term loan refinancing (2024) | Bank facility | US$906.6m |
More from Science Applications International
| Date | Financing | Type | Amount |
|---|---|---|---|
| 30 Sep 2025 | SAIC US$1.1bn term loan A and US$1bn revolver | Bank facility | US$2.1bn |
| 22 Sep 2025 | Science Applications International US$500m 5.875% senior notes due 2033 | Bond | US$500m |
| 30 Jun 2022 | SAIC US$1.23bn term facility and US$1bn revolver | Bank facility | US$2.23bn |
| 30 Jun 2022 | SAIC US$1.23bn term facility and US$1bn revolver (2022) | Bank facility | US$2.23bn |
| 2 Jul 2021 | SAIC US$100m incremental term loan for Halfaker | Acquisition finance | US$100m |
| 13 Mar 2020 | SAIC US$600m term loan B2 for Unisys Federal | Acquisition finance | US$600m |
M&A and investment involving Science Applications International
| Date | Deal | Type | Value |
|---|---|---|---|
| 6 Oct 2025 | SAIC acquisition of SilverEdge Government Solutions | M&A Announced | US$205m |
| 16 Mar 2020 | SAIC acquisition of Unisys Federal | M&A | US$1.2bn |
| 14 Jan 2019 | SAIC acquisition of Engility | M&A | US$2.5bn |
| 4 May 2015 | SAIC acquisition of Scitor | M&A | US$790m |
Sources
- SAIC Form 8-K (Sixth Amendment) sec.gov · 12 Feb 2024
About this record
Record DEF-2024-0028, taken from an issuer, lender or government announcement. Confirmed against the primary documents listed. Amounts are as announced; US$ equivalents use approximate annual average exchange rates. Spotted an error or have a document we have missed? Send a correction, and changes are logged on Updates and corrections.
Read the structure
A revolving or term facility is a relationship loan from a bank group, priced at a margin over a reference rate, with financial covenants and an agent.
